The global market capitalization of cryptocurrency dropped 6.2% in the last 24 hours to 3.16 dollars, as the climbing of geopolitical tensions between the United States and Iran stimulated a risk environment among investors. The total trading volume reached $ 148 billion in the same period.
The best winners defying the trend included the network of gains (GNS), which increased by 49.8%, Poolotto. On the other hand, the RUSD (RUSD) tank dropped 50%, Gorbagana fell 36.8%and Game by Virtuals dropped by 34.7%.
The change comes as investors flee more risky assets such as cryptocurrencies in favor of traditional shelters such as the US dollar, gold and the bonds of the treasury. Although the US dollar index has slightly dropped to 98.774 (-0.01%), analysts expect a short-term force due to the demand for seffice, according to Reuters.
The drop in cryptography prices reflects a broader market psychology during geopolitical crises. Growing uncertainty tends to shake up investor confidence in volatile assets.
Despite being decentralized, crypto is always perceived as speculative, note observers. When the conflict breaks out, people do not want volatility – they want security.
The macroeconomic repercussions of geopolitical instability – such as inflationary pressure from the rise in oil prices or central benches levels – also reduce the feeling of crypto, especially when higher interest rates make risk assets less attractive.
In short, the latest DIP of Crypto underlines how sensitive the market remains in global events – and how speed the appetite of investors can change in uncertain times.
